E 11.06 – Depreciation Methods
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given a chart with missing values… calculate them.
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Given a chart with missing values… calculate them.
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Given the amount and allocation of a building purchase, the furniture and fixtures price, the office equipment price, and a list of service life and residual values… calculate the depreciation for two years.
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Given the price of equipment, useful life, year till drill is replaced, and price of drill… determine the depreciation under both U.S. GAAP and IFRS.
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Find gain or loss on sale. Prepare journal entry.
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Given the purchase price of a truck, the useful life, the residual value, and the amount the truck was sold for… prepare journal entries for the depreciation and sale of the truck.
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Given the price of purchased equipment, the service life, the residual value, and the amount the equipment was sold for… prepare the journal entry for the transaction for depreciation using two different methods.
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Given the equipment cost, the service life, the residual value, and the price expected to be sold… calculate the book value for both months.
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Given the cost, residual value, and service life of three different appliances along with details of a purchase of new refrigerators… calculate the group depreciation rate, group life, and depreciation while also preparing a journal entry.
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Given the estimated life, residual value, purchase price, freight charge, and installation charge… calculate the depreciation for each year.
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Given the purchase price, the residual value, the road cost, the actual timber logged, and the expected timber logged… calculate the depletion and depreciation.
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